Cryptocurrency trading and investing is hotter than two rats in a wool sock right now.

What tech nerds (like me) love about this new(ish) opportunity is that there is no shortage of tools for making the process easier and more profitable

For easier navigating, I have broken the tools and resources into the follow sections.

Mobile Apps for Monitoring Your Portfolio

Mobile Apps for Buying Cryptocurrency

Wallets for Storing Your Cryptocurrency Securely (Apps and Physical)

Tax Reporting Softwares for Cryptocurrency

Software for "Day Trading" Cryptocurrency

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General News Sources

There are more things here than you need (or can even use) so I have noted my most highly recommended tools, softwares and resources.

Before I get into the actual recommendations, let me make a few public service announcements...

PSA

Be careful downloading anything to your devices. The only softwares that you would download to your device are wallets and you need to ensure that they are created by legitimate developers and aren't fraudulent or phony versions of the actual software (there are a lot of scams out there!)

Never share private wallet keys or passwords. This should go without saying. Your "deposit to" address is fine (we are all ok with people sending us coins!) but never share your "withdrawal from" address.

Don't use the same password and username when creating accounts for anything relating to cryptocurrency. If your password and username are the same you are opening yourself up to hacks and can lose all of your coins if you aren't careful.

Be careful when installing APIs into softwares. Some of the softwares and apps I'm sharing here require you to enter APIs from exchanges. Be sure you do this properly.

I haven't included any of the basic exchanges you should join.If you are new to cryptocurrency trading and investing, you should immediately create accounts with Coinbase, Binance, Kraken and Bittrex.

Apps for Monitoring Your Portfolio

Having just one coin is like eating just one potato chip. It's nearly impossible.

Fortunately, there are a number of great apps that let us see our total holdings and view the general health of our investments.

You don't need more than one of these apps but I recommend you test multiple out and choose the one that is right for you.

WARNING: Portfolio apps can be HIGHLY addictive and you may find yourself checking them all throughout the day. If you aren't going to act on the information they give you, you may not even want one. You have been warned!

Delta Portfolio App [RECOMMENDED]

Price: Free

Platform: iOS and Android

Supports over 2,000 coins

View the total worth of all your coin holdings

View candlestick charts and orderbooks

Set price alerts

Add ICOs and coins not yet on exchanges

Choose which exchanges to associate with which coins

This is my portfolio app of choice.

It has a clean user interface, supports a large number of coins and has a solid notification feature.

Blockfolio App (iOS and Android)

Price: Free

Platform: iOS and Android

Supports over 2,000 coins

View the total worth of all your coin holdings

View candlestick charts and orderbooks

Set price alerts

Native feed for crypto related articles

This common portfolio management platform- mobile solution offers support for Bitcoins and Altcoins. Users receive a complete summary of their portfolio and list of exchanges where specific currencies trade. Traders like the detailed price notifications that Blockfolio provides.

It comes in handy for investors who deal with Altcoins because they frequently fall victims to disorderly price fluctuations in different directions. The system includes built-in support for marketplace details, order books, and stock charts.

Cryptofolio, one of the leading apps for crypto helps investors keep an eye on their digital assets, equities, and miners. It offers two plans – the free and premium versions. Cryptofolio's premium account costs roughly 0.06 BTC annually or US$240 based on the prevailing exchange rate.

Users who prefer notifications monitored reports and technical analysis systems will need the paid version. As one of the efficient tools for cryptocurrency, Cryptofolio accepts Bitcoin, Dogecoin, and Litecoin for payments. The mobile application on Google's Play Store received positive reviews from many users as well as ratings (4.7 out of #5). It tracks more than 1,000 virtual coins and sees their portfolios in 30 fiat tenders.

Mobile Apps for Buying Cryptocurrency

Some traders and investors like the flexibility of being able to place buy and sell orders from their smartphones. Here are some of the apps that support this.

TabTrader

Price: Free

Platform: iOS and Android

Buy and sell cryptocurrency from your smartphone

Detailed technical analysis​

Supports most major exchanges

TabTrader stands as among the widely used free apps for crypto primarily for mobile administration of virtual currency portfolios. It supports some 12 of the more significant exchanges. TabTrader connects to these facilities and demonstrates flexibility allowing users to keep track of their crypto tokens while trading. The candle-stick charts permit viewing once the currency begins trading. The application does not consume a lot of resources on the mobile phone. On the average, the data utilizes around three Megs monthly depending on the volume of monitoring.

The app boasts of built-in alerts. For example, the investor gets a notification about pricing moves and fluctuations. Users also have the choice of creating a portfolio within the system. The app sorts out the cryptocurrencies according to price by market cap, percentages (24 hours), and available supply. Cryptocurrency exchanges take place within the program through ShapeShift. CoinCap owns a rating of 4.0 with more than 100, 000 downloads to date.

Software for "Day Trading" Cryptocurrency

This phrase has stuck though. Also called cryptocurrency arbitrage, there are a number of softwares that attempt to make this process easier.

WARNING: Some of the softwares that utilize trading bots and algorithms for automatic trades violate the terms of service of the exchanges whose APIs they use for the trades. You can lose your account privileges on exchanges if you use a software that is "pinging" the API too much. Be careful which softwares (if any) you choose to use and make sure that they aren't violating the terms of service of major exchanges. I have left out some softwares that I know have had issues with this.

Coinigy.com [MOST RECOMMENDED]

Price: Free-$21.95/month or $18.67/month annually

Platform: Web based software

Coinigy.com represents one of the more dependable apps for crypto with multiple features to help investors analyze the progress of their favorite cryptocurrencies on various timeframes. Some of its functions consist of a robust and quick to respond interface. Coinigy.com contains 75 technical indicators plus the capacity to trade directly in 45 exchanges globally. The app also provides alerts for emails, SMS, and prices.

Coinigy.com comes available in Android with 24/7 exchange and wallet portfolios. Traders can buy and sell accounts using only one interface. It represents a one-stop outlet but does not come free. Users have to pay $18.7 monthly after a free trial of 30 days to avail of the different dominant attributes.

As one of the recommended tools for cryptocurrency, Cointracking reviews trades and computes taxes. The straightforward process includes account creation which does not require an email although it remains essential for security reasons. Investors can import trades to the platform from 24 leading digital exchanges worldwide. Cointracking performs the import process using Application Programming Interface (API) and Comma Separated Values (CSV).

With the account setup and imported trades, investors can make assessments as well as update data related to trades/exchanges. The Cointracking application functions 24/7 eliminating the need to monitor numerous trades and profit-loss ratio.

Wallets

It's important to store your cryptocurrency off of exchanges and somewhere that only you can access.

There are physical and digital wallets to choose from.

WARNING: You should be EXTREMELY paranoid when it comes to choosing a wallet. Even physical wallets are able to be manipulated. Always double check to make sure that your wallet is authentic and from the actual developer and/or manufacturer.

Ledger Nano S Hardware Wallet [RECOMMENDED]

Price: $99+ (these aren't easy to get at the time of posting)

Platform: Physical wallet with application

The Ledger Nano hardware Wallets can hold Bitcoins, Altcoins, and Ethereum. It showcases active safety features designed for the storage of crypto assets as well as safeguarding cryptocurrency payments. The users just have to hook up with the PC USB and embed a protected Organic Light Emitting Diode (OLED) display. The process double-checks and verifies every transaction through a single tap of the button.

Exodus (Digital Wallet)

Built in "shape shifter" allows you to convert coins into different coins for a fee.

This is a great, free digital wallet that allows you to store a number of coins. Unlike the Ledger and Trezor wallets, there are no physical components to this wallet and you can access it from any device that has the wallet installed using a password.

Cointracking [Again]

News Resources

The power of news in the world of crypto investing cannot be overstated.

One piece of news can send prices spiraling down or skyrocketing up.

New legislation and regulation

Updates and features released for coins

New partnerships for coins

Comments from authority figures

All of these can impact the price of coins and the health of the market. The more in tune with the news you are, the more money you'll make in the long run.

Icostats

Icostats.com could be perfect for virtual-minded entrepreneurs interested in Initial Coin Offerings or ICOs searching for a viable coinmarketcap that focuses on an ICO. They can easily find all the essential information about a particular coin offering currently available or come out soon. The website also computes possible profits and returns on investment for the offering.

Nate McCallister

Nate is the founder and main contributor of EntreResource.com. He is a lifestyle entrepreneur who spends his time building businesses and raising his two kids Sawyer and Brooks with his beautiful wife Emily. His main interests include copywriting, economics and piano.